0
0
News

The SEC Ends Investigation into OpenSea

After issuing a Wells Notice to the NFT exchange last year, the SEC is backing down.
0
0
Feb 22, 2025 • 1 min read

OpenSea announced the conclusion of a securities investigation by the SEC, with no enforcement action recommended against the NFT platform. This development follows similar withdrawals of SEC scrutiny from other crypto firms, hinting at a possible shift in enforcement under new leadership.

What’s the Scoop?

  • OpenSea Investigation Closure: The U.S. Securities and Exchange Commission has ended its investigation into OpenSea, after initially issuing a Wells Notice last year.
  • Pro-Crypto Leadership: The conclusion of the investigation coincides with increased pro-crypto sentiments at the SEC under Acting Chairman Mark T. Uyeda.
  • Regulatory Adjustments: The SEC's decision to drop its investigation of OpenSea could signal a broader reevaluation of its approach to cryptocurrency oversight.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Published in Bankless

There’s a revolution in the world of money. Ethereum, Bitcoin, crypto, open finance, DeFi—a bankless revolution. And you want part of it.

Are you sure you want
to log out?
You'll lose access to your Bankless account until you log back in again. Oh and also, we'll miss you too much! 😢
Cancel
Continue
Account Light mode Log Out